Student loans a worry? 10 states with the lowest student debt

Seven in 10 college seniors who graduated in 2012 took on student loans along the way, to the tune of $29,400 on average, according to a recent study from The Institute for College Access and Success (TICAS) But debt levels aren’t uniform across the country. Read on for the 10 states with the lowest average student debt levels, according to TICAS. Can you guess which state had the lowest?

9. Kentucky

Charles Betram/The Herald-Leader/AP/File
Students walk on the University of Kentucky campus near Memorial Coliseum as a heavy snow storm moved across the state, in Lexington, Ky., in 2010. Snow started falling Sunday afternoon but intensified overnight and during the morning commute. (AP Photo/The Herald-Leader, Charles Bertram)

Average debt: $22,384

Students with debt: 62 percent

The ninth-lowest state on the list has individual schools at opposite ends of the debt spectrum. Kentucky State University in Frankfort was among public schools with the largest average debt loads found in the study, while Berea College in Berea had one of the lowest average debt loads among private schools. Berea College, in fact, is considered a “work college” – all students have work study jobs, and their tuition and fees are covered by the work they do and/or scholarships.

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